Weekly Trading Levels For Gold & WTI Crude Oil - Forex News by Strategia Forex

Weekly Trading Levels For Gold & WTI Crude Oil

Posted Tuesday, July 4, 2017 by
Arslan Butt • 1 min read

Towards the end of June, we experienced a huge round of fluctuation in the market. The four speeches from different central bank officials increased investor confidence in the currencies, lowering the demand for gold and crude oil.

WTI Crude Oil has maintained a bullish streak for eight consecutive trading days and has violated our previous trading levels. Let's take a look at the new weekly trading levels.

 

Gold – XAU/USD – Trading Levels

Support            Resistance

S1: 1219            R1: 1228

S2: 1213            R2: 1238

S3: 1204            R3: 1243

 

WTI – Crude Oil – Trading Levels

Support             Resistance            

S1: 45.03             R1: 46.44

S2: 43.63            R2: 47.30

S3: 42.76            R3: 48.71

 

CryptoCurrencies – Coming Soon

We are about to add more instruments to our trading arsenal such as CryptoCurrencies. Stay tuned for new analysis & forex signals. Good luck!

 
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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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